2) Can we please stop using the term "dumping shares?" I think it's a bit hyperbolic, no? A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.

LOL, your holdings are irrelevant in this case. You increases the number of floated shares by what %? Evoorhees, you are starting to sound like that beady eyed fuck from Florida, who fcuked most of his investors up the arse and then spun it so slippery nicely that fucked ones started to feel almost happy (Stockholm syndrome, indeed). Most of those idiots* had to add another 100+% as expenses to the "investment" to his perpetual mining turds, without even realizing that this move wiped out all the possible profits for good.

* - you have to be a retard to invest in perpetual mining whatever's

My holdings are relevant in this case, because people like you spin up narratives that I'm "dumping my shares" and getting out. The fact that my share holdings increased, even though I sold 3% on market, is relevant because it disproves that narrative.

In this specific instance, one of the few large private owners wanted to sell some of his stake to me. I bought it, and resold part of it on MPEX. On net, my stake actually increased, though everyone saw it as me "dumping"

Yep, we fixed a big problem last night. There had been a flurry of tiny transactions (perhaps meant as a DDoS of some kind) which was causing hangs for the database. Problem has been solved, and bets are running very quick right now. A bunch of stuck transactions also go cleared out from the past few days. Enjoy!

UPDATE Feb 9, 2013: People have been (understandably) very anxious as to why the site has been down, and have no idea about how shares will be handled since GLBSE disappeared. I'd like to provide an update. I also encourage anyone interested to chat with me on skype (acc: evoorhees)

1) I'm current working to get the GLBSE FZB database from Nefario. Once I do, we'll get it re-listed, likely on BitFunder.

2) I'm paying to have the entire site redone professionally. It'll be very nice.

3) Once the new site is up (1-2 months) and the shares relisted, I'll start marketing it again. It will have a live support agent to help newbs learn how to use it.

That's the plan. I apologize for the months of sub-par service with this. The FZB holders deserve better, so that's what I'm doing now. Thank you for your patience thus far.

2) Can we please stop using the term "dumping shares?" I think it's a bit hyperbolic, no? A "dump" would be dropping tons of shares at market price. This was only a tiny percent of my holdings, and only the first "tranche" (okay if it has quotes around it? =) was listed far below market.

Tranche announcement - I'm going to keep the 3rd tranche available for another 24 hrs (until 5pm EST Saturday). After that, I'll remove it and will not be adding any other shares to the market. I'll hold on to the 4th and 5th tranches as it seems the market is satiated with the current supply.

If everybody thinks the price in 6 months should be 22 dollars a coin, then why would anybody sell the coin now for less than 22 dollars a coin? Markets don't follow speed limits to get to the correct price, they just go to the correct price. When conditions change, then the price changes.

Wow, can you imagine being the guy who sold this website? How hard do you hit yourself on the head? (though I believe he did it because he didn't want legal issues in his life, which is a legit reason to me)

Anybody know if there's news from Erik today regarding the 4th tranche tonight? The 1 million @ .0062 that was the third tranche is still sitting untouched as an ask order on MPEx with a few bits and bobs priced slightly below.

Wiill tranches 4 & 5 be postponed to give the market time to recover? Will they go on for the same to pile up waiting for buyers; go on for less to try and get something back for them today for a lower price?

Looks like there's been very little SD trading activity either on MPEx or on the passthrus today. Maybe everybody's waiting to find out what's happening next?

The 4th and 5th tranches are postponed or removed indefinitely. I won't release the shares if the market isn't interested. The 3rd tranche is there at a good price for anyone interested and I'll just hold off on the others for the time being.

I agree that bitcoins is a great innovation and that i would love to go to a bitcoin convention. I think the biggest problem is people scamming and the difficulty to get coins. People will abandon bitcoin if it is hard to use and people steal from them. The average person is not going to kiss peoples ass to get a few stinking bitcoins. It need to be made easy.

I agree completely, the biggest impediments to adoption are scamming issues (or the perception of scamming issues) and the difficulty of use and acquiring coins.

EskimoBob - I kinda felt like you were just spreading FUD, but I actually think you are legitimately concerned/skeptical, and that is the correct position to take. Everyone in Bitcoinland should be highly skeptical, and very careful. I don't want to fault you for it. You don't know me, and so I could just as easily be a scammer on teh interwebz. Your points are fine.

I'm not sure how to address them, other than to just keep working and building so that's what I'll do.

If you think S.DICE shares are a good deal, buy some. If not, don't buy them. I would rather people stay skeptical and avoid BTC equity listings entirely than lose their money to overly-speculative ventures and scam operations. It is through this period of trial by fire that we'll find who the virtuous people are, and I'd have it no other way.

I will tell you straightforward, that bets on SD are never manipulated in any way to make things look rosy. I'm not sure how to prove that to you, other than to just show you over time that it's true.

I would ask, however, that you try to avoid unsubstantiated claims. If you have a concern, please talk to me about it. I'm very public with who I am and what I do, and am reachable most of the day on Skype (account: evoorhees).

While James should know better, in many peoples' eyes, Amazon Coins is just "one more virtual currency" alongside Bitcoin, Microsoft Points, Linden Dollars, and Facebook Credits.

This is nonsense, and I'd like to explain why Bitcoin and Amazon Coins are as different as bumble bees and blueberry muffins. They are not both virtual currencies, of the same ilk, but fundamentally separate things entirely.

1) Bitcoin is actually a currency, while Amazon Coins are just US dollar tokens, spendable only with Amazon. Amazon Coins are a proxy of the USD, meaning they are USD with a different name, not a unique currency at all. They are dollars, but less useful.

2) Amazon Coins are non-transferable. What kind of "currency" is non-transferable? Transferability should be a prerequisite for the term "currency."

3) Amazon Coins are 1-way, meaning you buy them, then you use them for stuff. You cannot resell Amazon Coins back for dollars or any other currency.

4) Amazon Coins are territory and content restricted. Only useful where Amazon permits, and only usable to buy Amazon stuff.

6) Amazon Coins bow down to all US regulation. The moment the US Gov says no, they will vanish.

7) You have no claim of ownership over Amazon Coins. Amazon can remove them from your account with a click of a button and they are likely never legally your property whatsoever.

Amazon Coins are not a currency in any proper sense of the term, and provide no interesting utility whatsoever. It's a marketing ploy to get customers to provide interest-free float capital to Amazon (customers buy coins, then spend them later, meaning Amazon holds that balance as capital upon which it can operate and profit). There's nothing wrong with Amazon doing this, but it's not a currency.

Amazon Coins are just Amazon Gift Cards, but they've renamed them Coins and made them less versatile.

Ironically, Amazon Coins will generally be welcomed and trumpeted by the public as a legitimate Virtual Currency while Bitcoin remains marginalized for "not being real money." But we know the public has little understanding of money in the first place, so this should come as no surprise.

People are placing bids above 0.0055 instead of just at exactly 0.0055 and getting the price locked in.

Do they just not know that these new shares are hitting the market?

Is there any way to distribute info about tranches or other important information through MPEX or do you need to check this thread for anything related to S.DICE?

They're doing that because the tranche will probably be oversubscribed (not enough shares for the demand at the price of .0055). If you place a bid at .0056 you get shares before anyone who has a bid at .0055.

I'll post all info about the upcoming tranches here in this thread and also in the #bitcoin-assets IRC channel.

As mentioned, Tranche 2 will be 1m shares released at 10pm EST for .0055 btc per. Haven't decided on the following tranches yet, but it was a mistake for me not to announce the first one, so rest assured info will be posted here prior to any release.

Erik, do you have any insights into who the whales are? Do you think they are an early adopter with a large bitcoin stash or are they gamblers buying bitcoins to play SatoshiDice?

(I don't subscribe to the conspiracy theory btw that the recent betting volumes are a ploy to increase the share price in case anyone thinks I'm implying that)

I have no idea who they are :/

I honestly would've been blown away by it, but after my trip to Macau I learned that yes there are people out there who gamble with hundreds of thousands, even millions, of dollars. I saw Baccarat tables where people would play in VIP rooms for 36 hrs using $50,000 chips.